to study inventory management systems is used in chocolate cake korean food factory
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Operating system evolution The first computers used batch operating systems, in which the computer ran batches of jobs without stop. Programs were punched into cards that were usually copied to tape for processing. When the computer finished one job, it would immediately start the next one on the tape.
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In order to truly understand how to manage inventory we must first understand what are the different types of inventory or stock, why it is important to have or not have inventory, what to do with unused inventory, and the many financial implications of carrying or holding inventory within your organization. We also need to be able to know the differences between physical and paper inventory and how they impact our companies in different ways.
baking-ingredientsInventory can be viewed both as tangible and intangible. Tangible inventory is what is actually on the shelves or in the warehouse. Intangible inventory is what your system states that you currently have on the floor or shelves. It is vital that these two numbers be very close to exact as decisions are made based on what the system or paper is showing to be in stock. If there are great discrepancies between these two numbers then the probability of overspending or an under order is likely.
Inventory is categorized in several groups. First, there are the raw materials that are needed to create a finished product. Take the example of a bakery. The rawcakematerials of a cake would be ingredients such as eggs, flour, and sugar. The raw materials are made into sub-assemblies also known as “WORK IN PROGRESS”. This would be cake batter in the previous example. Works in progress are raw materials that are in the process of becoming finished products. It is important to keep WIP to a minimum as too many unfinished projects can lead to variety of problems within the supply chain. Finally, once all of the parts and sub-assemblies are combined to make a complete item you arrive at the FINISHED PRODUCT. A chocolate cake, ready for sale and consumption would be the finished product in the bakery example used above.